Security Asset Management maintained its stake in shares of Coca-Cola Company (The) (NYSE:KO) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,383 shares of the company’s stock at the end of the first quarter. Security Asset Management’s holdings in Coca-Cola Company (The) were worth $228,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Alpha Windward LLC raised its stake in shares of Coca-Cola Company (The) by 0.9% in the first quarter. Alpha Windward LLC now owns 7,659 shares of the company’s stock worth $325,000 after buying an additional 68 shares during the last quarter. Delta Asset Management LLC TN raised its stake in shares of Coca-Cola Company (The) by 0.4% in the first quarter. Delta Asset Management LLC TN now owns 27,161 shares of the company’s stock worth $1,152,000 after buying an additional 96 shares during the last quarter. SignalPoint Asset Management LLC raised its stake in shares of Coca-Cola Company (The) by 1.2% in the first quarter. SignalPoint Asset Management LLC now owns 10,222 shares of the company’s stock worth $434,000 after buying an additional 125 shares during the last quarter. Signature Estate & Investment Advisors LLC raised its stake in shares of Coca-Cola Company (The) by 5.0% in the first quarter. Signature Estate & Investment Advisors LLC now owns 2,725 shares of the company’s stock worth $116,000 after buying an additional 129 shares during the last quarter. Finally, Baystate Wealth Management LLC raised its stake in shares of Coca-Cola Company (The) by 3.3% in the first quarter. Baystate Wealth Management LLC now owns 4,544 shares of the company’s stock worth $195,000 after buying an additional 144 shares during the last quarter. 64.67% of the stock is owned by institutional investors.

Coca-Cola Company (NYSE:KO) traded down 0.04% during midday trading on Wednesday, reaching $45.43. The company had a trading volume of 1,695,319 shares. The company has a market capitalization of $193.77 billion, a P/E ratio of 47.97 and a beta of 0.69. Coca-Cola Company has a 1-year low of $39.88 and a 1-year high of $46.42. The firm has a 50-day moving average of $45.35 and a 200 day moving average of $43.87.

Coca-Cola Company (The) (NYSE:KO) last posted its earnings results on Wednesday, July 26th. The company reported $0.59 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.57 by $0.02. Coca-Cola Company (The) had a return on equity of 34.53% and a net margin of 10.68%. The business had revenue of $9.70 billion during the quarter, compared to the consensus estimate of $9.62 billion. During the same period in the previous year, the business earned $0.60 EPS. The business’s quarterly revenue was down 15.9% on a year-over-year basis. On average, equities research analysts forecast that Coca-Cola Company will post $1.90 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Friday, September 15th will be issued a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 3.26%. The ex-dividend date is Thursday, September 14th. Coca-Cola Company (The)’s payout ratio is currently 154.17%.

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Several equities analysts have commented on KO shares. UBS AG reissued a “buy” rating and set a $48.00 price objective on shares of Coca-Cola Company (The) in a research report on Monday, May 15th. Credit Suisse Group reissued a “buy” rating and set a $49.00 price objective on shares of Coca-Cola Company (The) in a research report on Monday, July 24th. Vetr lowered Coca-Cola Company (The) from a “hold” rating to a “sell” rating and set a $43.11 price objective for the company. in a research report on Tuesday, June 20th. Stifel Nicolaus reissued a “hold” rating and set a $45.00 price objective on shares of Coca-Cola Company (The) in a research report on Friday, July 14th. Finally, Susquehanna Bancshares Inc set a $39.00 price objective on Coca-Cola Company (The) and gave the company a “hold” rating in a research report on Wednesday, July 26th. Two analysts have rated the stock with a sell rating, fifteen have given a hold rating and seven have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $45.79.

In related news, insider Brian John Smith sold 100,000 shares of the business’s stock in a transaction dated Wednesday, August 16th. The stock was sold at an average price of $46.10, for a total value of $4,610,000.00. Following the transaction, the insider now owns 136,385 shares in the company, valued at approximately $6,287,348.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Francisco Crespo sold 7,700 shares of the business’s stock in a transaction dated Friday, July 28th. The shares were sold at an average price of $46.01, for a total value of $354,277.00. Following the completion of the transaction, the insider now owns 29,943 shares in the company, valued at approximately $1,377,677.43. The disclosure for this sale can be found here. Insiders sold a total of 396,117 shares of company stock valued at $18,197,793 over the last three months. Company insiders own 1.51% of the company’s stock.

About Coca-Cola Company (The)

The Coca-Cola Company is a beverage company. The Company owns or licenses and markets non-alcoholic beverage brands, primarily sparkling beverages and a range of still beverages, such as waters, flavored waters and enhanced waters, juices and juice drinks, ready-to-drink teas and coffees, sports drinks, dairy and energy drinks.

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Institutional Ownership by Quarter for Coca-Cola Company (The) (NYSE:KO)

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